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USING MEASURED DECLINES IN A UP MARKET



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FUTR-S&P'S
Anyone else notice today in the S&P's (5-minute) chart where the first decline
almost equaled the second decline. Drawing a down line from the first decline
in a RISING market to project where the next decline is most likely to stop
works well in the S&P's. W.D. Gann refers to this as a measured move.